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[Industry Focus]：Total investment 1.99 billion, 320000 tons/year butyl octanol and acrylic ester project started

Read： 3346 Time：11months ago Source：Qinzhou released, Guangxi Huayi new materials, easy to the world

On December 15, the Party Committee of Guangxi Autonomous Region and the People's Government of Guangxi Autonomous Region held a centralized start-up and completion activity for the construction of industrial parks in the whole region. Qinzhou City, as a branch venue, held Guangxi Huayi New Material with an annual output of 320000 tons of butyl octanol in Jinwo Industrial Park, Qinnan District. The opening and completion ceremony of a number of projects.

32万吨年丁辛醇及丙烯酸酯项目.jpg

On August 28, 2023, Huayi Group announced that the company invested in the construction of 320000 tons/year butyl octanol and acrylate project with its holding subsidiary Guangxi Huayi New Materials Co., Ltd. ("Guangxi New Materials") as the main body, and cooperated with the company's controlling shareholder Shanghai Huayi Holding Group Co., Ltd. ("Shanghai Huayi") increased the capital of Guangxi New Materials by cash contribution according to the equity ratio. The total investment amount of this project is 1.998 billion yuan, and the capital increase amount for Guangxi New Materials, the main investor, is 0.599 billion yuan (including 0.36 billion yuan for the company and 0.24 billion yuan for Shanghai Huayi).

It is reported that the project is an important part of the Huayi Qinzhou Chemical New Materials Integration Base project to enrich the downstream of olefins and expand the extension of the industrial chain. It will make full use of the synergistic advantages of the Qinzhou base integration and the industrial chain to further expand the downstream butyl octanol and propylene. Acrylate production capacity, enrich product varieties, enhance overall competitiveness, and have good economic benefits.

Project Name:320000 tons/year butyl octanol and acrylate project

project location: The project is located in the Petrochemical Industrial Park of Guangxi Qinzhou Port Economic and Technological Development Zone. The project covers an area of 106787 square meters (about 160.2 acres).

Project construction content: the construction production capacity of the project is 320000 tons/year butyl octanol plant (160000 tons/year n-butanol 160000 tons/year isooctanol), 80000 tons/year isooctyl acrylate plant, as well as supporting intermediate storage tanks, product storage tanks, power transformation and distribution stations, cabinet rooms, refrigeration stations, incinerators and other public works and auxiliary facilities.

Project construction period:18 months

main products:160000 tons/year n-butanol, 160000 tons/year isooctyl alcohol and 80000 tons/year isooctyl acrylate.

Source: Qinzhou Release, Guangxi Huayi New Materials, Huayi World

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